Ed Case: “What the trustees tell us is that because expenses are…”

“Trustees are responsible for making sure it's sustainable over time. And what the trustees tell us, these are independent trustees. You can find their report online. If you can't, I'll send it to you. What the trustees tell us is that because expenses are exceeding income into the trust fund, that somewhere around eight to nine years from now, the trust fund will be depleted. And at that point, there will be an automatic reduction of benefits unless we fix Social Security. Now, that's the reality.” (43:38–43:53)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.